Friday, March 20, 2009

Mines and Plants Hit by Low Prices, High Costs

March 20 (Reuters) -

The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.

Some existing producers also have shut down or curtailed output at mines and plants as high costs and low prices bite.

Below are details of major projects and facilities affected in recent months, as well as other related news.

March 20 - South African ferrochrome producer Hernic said it shut all its four furnaces at the start of this year.

March 19 - European Goldfields said further ramp up of output at its Stratoni lead-zinc mine in Greece would be delayed.

March 19 - Uranium miner Denison Mines will temporarily suspend production at its Sunday and Rim mines in the western United States and will likely shut its White Mesa mill in May.

March 19 - Norsk Hydro affiliate Alumina Partners of Jamaica (Alpart) said it plans to shut its 1.65 million tonnes a year alumina refinery for a year from May 15.

Read the rest of this article which includes a reverse chronology re: uranium mine and/or nuclear power slow-downs, cut-backs, stoppages, and other negative indicators back to Jan, 27, 2009 here:

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